In late 2025, India’s SME IPO space continues to see strong activity from technology-driven businesses. One such issue is Purple Wave Infocom Limited, a company operating in the professional audio-video and digital solutions space. Its IPO opens on November 28, 2025, giving investors an opportunity to participate in the growth of a niche player serving both domestic and international clients.
Here is a detailed look at Purple Wave Infocom Ltd., its IPO structure, financials, and the broader industry outlook.
About Purple Wave Infocom Ltd.
Incorporated in 2007, Purple Wave Infocom Ltd. is engaged in the sale, integration, and manufacturing of digital professional audio video (PRO AV) equipment and automation solutions. The company provides end-to-end AV and communication solutions, covering:
- System design, integration, and on-site support
- Cloud-based communication and automation services
- Live streaming and content management through its proprietary platform, Streampurple
- After-sales support, including annual maintenance contracts (AMC), repair, and maintenance of AV infrastructure
The company also manufactures a wide range of AV products, such as:
- LED displays
- USB cameras and speakerphones
- Professional LED and LCD displays
- Digital podiums and lecterns
- Speakers, amplifiers, and computer kiosks
As of September 30, 2025, Purple Wave Infocom employs 86 permanent staff.
Competitive strengths include:
- Wide product portfolio catering to multiple customer segments
- Established relationships with clients
- Experienced promoters and management team
- Presence across multiple geographies with solutions-focused offerings
Purple Wave Infocom IPO Details
The Purple Wave Infocom IPO is a book-built issue of ₹31.45 crore, consisting entirely of a fresh issue of 24,96,000 shares. The equity shares are proposed to be listed on the BSE SME.
Important IPO Timeline
| Event | Date |
| IPO Open Date | November 28, 2025 (Friday) |
| IPO Close Date | December 2, 2025 (Tuesday) |
| Tentative Allotment | December 3, 2025 (Wednesday) |
| Initiation of Refunds | December 4, 2025 (Thursday) |
| Credit of Shares to Demat | December 4, 2025 (Thursday) |
| Tentative Listing Date | December 5, 2025 (Friday) |
| Cut off time for UPI mandate confirmation | 5 PM on December 2, 2025 |
Key IPO Details
| IPO Date | November 28, 2025, to December 2, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹126 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,96,000 shares (aggregating up to ₹31.45 Cr) |
| Reserved for Market Maker | 1,28,000 shares (aggregating up to ₹1.61 Cr) Shreni Shares Ltd. |
| Net Offered to Public | 23,68,000 shares (aggregating up to ₹29.84 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 67,50,000 shares |
| Shareholding Post Issue | 92,46,000 shares |
| Market Maker | Shreni Shares Ltd. |
| Lead Manager | Smart Horizon Capital Advisors Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
Purple Wave Infocom IPO Reservation
Purple Wave Infocom IPO offers a total of 24,96,000 shares, distributed as follows:
| Investor Category | Shares Offered | Percentage of Issue |
| Market Maker | 1,28,000 | 5.13% |
| QIB (including Anchor) | 11,14,000 | 44.63% |
| NII (HNI) | 3,78,000 | 15.14% |
| Retail (RII) | 8,76,000 | 35.10% |
| Total | 24,96,000 | 100.00% |
Anchor Investor Allocation
Purple Wave Infocom has raised ₹7.99 crore from anchor investors.
| Anchor Details | Value |
| Anchor Bid Date | November 27, 2025 |
| Anchor Shares Offered | 6,34,000 |
| Anchor Portion Size | ₹7.99 Cr |
| Anchor Lock in (50 percent shares) | Till January 2, 2026 |
| Anchor Lock in (remaining shares) | Till March 3, 2026 |
Purple Wave Infocom IPO Lot Size
Investors can place bids starting from 2 lots, and in multiples of 1 lot (1,000 shares) thereafter.
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,52,000 |
| Retail (Max) | 2 | 2,000 | ₹2,52,000 |
| S HNI (Min) | 3 | 3,000 | ₹3,78,000 |
| S HNI (Max) | 7 | 7,000 | ₹8,82,000 |
| B HNI (Min) | 8 | 8,000 | ₹10,08,000 |
Purple Wave Infocom IPO Promoter Holding
The promoters of the company are Mr. Manoj Kumar Singh, Ms. Sandhya Singh, and Ms. Ananya Singh.
| Particulars | Percentage |
| Promoter Holding Pre Issue | 98.52% |
| Promoter Holding Post Issue | – |
Purple Wave Infocom Ltd. Financials
Purple Wave Infocom has reported strong growth in both revenue and profitability over the last few years. Revenue grew by about 40 percent, while PAT increased by 68 percent between FY 2024 and FY 2025.
Key Company Financials (Restated, ₹ Crore)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 71.05 | 53.48 | 31.59 | 26.70 |
| Total Income | 35.91 | 126.15 | 90.04 | 70.44 |
| Profit After Tax | 3.58 | 9.12 | 5.44 | 0.66 |
| EBITDA | 5.24 | 13.94 | 8.31 | 2.00 |
| Net Worth | 20.88 | 17.30 | 8.18 | 2.75 |
| Reserves and Surplus | 14.13 | 10.55 | 6.68 | 1.25 |
| Total Borrowing | 14.91 | 14.73 | 11.03 | 6.90 |
Key Performance Indicators (KPI)
As of March 31, 2025:
| KPI | Value |
| ROE | 71.54% |
| ROCE | 42.80% |
| Debt to Equity | 0.85 |
| RoNW | 52.69% |
| PAT Margin | 7.23% |
| EBITDA Margin | 11.06% |
| Price to Book Value | 10.39 |
| Market Capitalisation (at issue terms) | ₹116.50 Cr |
Pre and Post IPO valuation metrics:
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 13.50 | 15.48 |
| P E (x) | 9.33 | 8.14 |
Objects of the Issue
The company proposes to utilise the net proceeds from the IPO for the following:
| S. No. | Purpose | Amount (₹ in Millions) |
| 1 | Purchase of office space cum product display area (capital expenditure) | 129.10 |
| 2 | Repayment or prepayment of certain borrowings | 100.00 |
| 3 | General corporate purposes | Balance |
Purple Wave Infocom Ltd.: Industry Outlook
- Rising demand for digital communication: Growth in hybrid work models, virtual events, online education, and digital signage is driving demand for PRO AV solutions and collaboration tools.
- Penetration of AV and automation in enterprises: Corporates, institutions, and public sector entities are increasingly investing in integrated AV infrastructure for communication, training, and customer engagement.
- Content and live streaming growth: Increased adoption of live streaming, digital broadcasting, and managed content services supports platforms like Streampurple.
- Shift towards integrated solutions: Clients prefer end-to-end solution providers who can supply hardware, software, integration, and after-sales support, which aligns with Purple Wave’s model.
Purple Wave Infocom IPO: Peer Comparison
Purple Wave Infocom IPO can be compared with industry peers such as Ahashay Digital Services Ltd, Sigma AVIT Technology Ltd, Ksolves India Ltd, and RIR Power Electronics Ltd. Exploring these companies allows investors to understand Purple Wave Infocom’s standing in the professional audio video and digital solutions segment, while also offering deeper insights into market positioning, scalability, and competitiveness across the broader technology and AV integration landscape.
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Conclusion
Purple Wave Infocom Ltd. offers investors exposure to a niche PRO AV and digital communication solutions provider with strong growth in revenue and profitability, a diversified product portfolio, and an expanding client base. Its combination of manufacturing, system integration, cloud-based services, and after-sales support provides a well-rounded business model.
However, as an SME IPO, investors should keep in mind factors such as valuation, liquidity on listing, and dependence on project-based revenues and technology cycles. Those comfortable with higher risk and looking to participate in the growth of digital AV and communication infrastructure may evaluate this issue in line with their risk profile and investment horizon.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
